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Updated: July 13, 2025
Let us return to the distinction between productiveness and prospectiveness of social capital. Applied to variations productiveness means immediate advantage, prospectiveness the greater future and permanent returns. Now all persisting variations must, in animals below man, apparently be somewhat productive, else they would not continue, much less increase.
There is a want of that prospectiveness of mind, that surview, which enables a man to foresee the whole of what he is to convey, appertaining to any one point; and by this means so to subordinate and arrange the different parts according to their relative importance, as to convey it at once, and as an organized whole.
Uncertainty and deprivation are the best and only training for a hero, not sure reward paid in popular plaudits. Political economists speak of the productiveness and prospectiveness of capital. We may well borrow these terms, using them in a somewhat modified sense.
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